Agenda and minutes

Financial Investment Board - Tuesday, 17th September, 2019 1.45 pm

Venue: Committee Rooms - West Wing, Guildhall

Contact: Joseph Anstee
tel. no.: 020 7332 1480  Email: joseph.anstee@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

 ...  view the full agenda text for item 1.

Minutes:

Apologies for absence were received from Deputy Jamie Ingham Clark, Deputy Henry Pollard and Ian Seaton.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

 

 ...  view the full agenda text for item 2.

Minutes:

The Deputy Chairman declared a standing interest by virtue of his membership on the Hackney Pensions Committee, having previously been a member of the Hackney Pensions Board.

 ...  view the full minutes text for item 2.

3.

Minutes of the previous meeting pdf icon PDF 61 KB

To agree the public minutes and non-public summary of the meeting held on 3 July 2019.

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 3 July 2019 be agreed as a correct record.

 ...  view the full minutes text for item 3.

4.

Monthly Investment Analysis pdf icon PDF 357 KB

Report of the Chamberlain

 ...  view the full agenda text for item 4.

Additional documents:

Minutes:

The Board received a report of the Chamberlain concerning the monthly investment analysis review for July 2019. The Board noted the current investment list, total investment values and average rate of return set out in the report.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 4.

5.

End of Year Treasury Management Review 2018/19 pdf icon PDF 118 KB

Report of the Chamberlain

 ...  view the full agenda text for item 5.

Minutes:

The Board received a report of the Chamberlain, providing an end of year report reviewing Treasury Management in 2018/19. The Chamberlain advised that the bridging facility of £125 million for City’s Cash drawn down in March 2019 had now been repaid.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 5.

6.

Questions on matters relating to the work of the Committee

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Minutes:

There were no questions.

 ...  view the full minutes text for item 6.

7.

Any Other Business that the Chairman considers urgent

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Minutes:

There was no other business.

 ...  view the full minutes text for item 7.

8.

Exclusion of the Public

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 ...  view the full agenda text for item 8.

Minutes:

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 

Item No.                                                          Paragraph(s) in Schedule 12A

 9 - 15                                                                                      3

16 - 17                                                                                     -

 ...  view the full minutes text for item 8.

9.

Presentation - London CIV

 ...  view the full agenda text for item 9.

Minutes:

The Board received a presentation from representatives of the London Collective Investment Vehicle (LCIV).

 ...  view the full minutes text for item 9.

10.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 3 July 2019.

 ...  view the full agenda text for item 10.

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 3 July 2019 be agreed as a correct record.

 ...  view the full minutes text for item 10.

11.

Non-Public Outstanding Actions

Report of the Town Clerk

 ...  view the full agenda text for item 11.

Minutes:

The Board received a list of non-public outstanding actions.

 ...  view the full minutes text for item 11.

12.

Investment Monitoring Report

 ...  view the full agenda text for item 12.

Minutes:

 

 ...  view the full minutes text for item 12.

12a

Performance Monitoring to 31 July 2019: Pension Fund

Report of the Chamberlain

 ...  view the full agenda text for item 12a

Minutes:

 ...  view the full minutes text for item 12a

12b

Performance Monitoring to 31 July 2019: City's Cash and Bridge House Estates

Report of the Chamberlain

 ...  view the full agenda text for item 12b

Minutes:

 ...  view the full minutes text for item 12b

12c

Quarterly Monitoring Report Q2 2019

Report of Mercer

 ...  view the full agenda text for item 12c

Minutes:

The Board received reports of the Chamberlain and of Mercer.

 ...  view the full minutes text for item 12c

13.

PRI Assessment Update

Report of the Chamberlain

 ...  view the full agenda text for item 13.

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 13.

14.

Resolution from the Committee of Aldermen to Administer the Sir William Coxen Trust Fund

To consider a resolution of the Committee of Alderman to Administer the Sir William Coxen Trust Fund.

 ...  view the full agenda text for item 14.

Minutes:

The Board considered a resolution of the Committee of Aldermen to Administer the Sir William Coxen Trust Fund.

 ...  view the full minutes text for item 14.

15.

Non-Public Report of Action Taken

Report of the Town Clerk

 ...  view the full agenda text for item 15.

Minutes:

The Board received a report of the Town Clerk.

 ...  view the full minutes text for item 15.

16.

Non-public questions on matters relating to the work of the Committee

 

 ...  view the full agenda text for item 16.

Minutes:

There were no non-public questions.

 ...  view the full minutes text for item 16.

17.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

 

 ...  view the full agenda text for item 17.

Minutes:

There were several items of other business.

 ...  view the full minutes text for item 17.